Praj Industries - A risky bet

A conditional buy on Praj Industries

Buy between 71 - 73 range with a strict stop loss at 66.7 ( 71 - 6% )

Below 66, w can see a breakdown from the channel. Refer chart attached.

This is a bit risky recommendation and there is a loss in trade in case the stock penetrates its trendline

Thanks

Sajeeth

People should learn to love animals...They are so tasty...

Shri Lakshmi Cotsys

Shri Lakshmi ( Bse Code: 526049)-
CMP- 107
Here is a stock from the small cap space for people with a big risk apetite. The scrip is in textiles and allied industries. So is susceptible to prone to the dollar imbalances. Technically , the scrip is respecting a 2 year broadening trading range with lower boundary at 107 and upper boundary respected to be around 170 range.
If you are willing to wait till October, one can exit at around 170 with a decent profit.
What say ?



People should learn to love animals...


They are so tasty...